Coinbase rebounds as altcoins surge with bitcoin

Coinbase shares saw a significant rebound, climbing 10% from session lows following a recent earnings miss. This recovery coincided with a broader surge in altcoins, with ICP, NEAR, and UNI leading the gains. The positive market sentiment was further bolstered by SEC Chair Paul Atkins' indication of support for new rules governing onchain finance and blockchain settlement infrastructure. This development, coupled with Bitcoin holding steady above $80,000 and strong performance in equity markets, suggests a growing risk appetite spilling into the cryptocurrency space and boosting related digital asset infrastructure stocks.